KKR Real Estate Finance Trust Results Presentation Deck
Financing Overview: 76% Non-Mark-To-Market
Diversified financing sources totaling $9.0 billion with $2.7 billion of undrawn capacity
Summary of Outstanding Financing
Maximum
Capacity
Outstanding
Face Amount
Weighted Avg.
Coupon (¹)
$1,840
($ in Millions)
Term Credit Facilities
Term Lending Agreements
(1)
(2)
(3)
(4)
(5)
Warehouse Facility
Secured Term Loan
Convertible Notes
Corporate Revolving
Credit Facility
Total Debt
Collateralized Loan
Obligations
Term Loan Facility
Asset Specific Financing
$2,167
Total Leverage
$500
$346
$144
$610
$5,607
$1,943
$1,000
$1,529
$1,537
$0
$346
$144
$0
$3,555
$1,943
$644
+1.8%
+1.8%
n/a
+3.5%
6.1%
n/a
+1.5%
+1.8%
Advance
Rate
+2.9%
68.9%
75.7
n/a
84.5%
80.4%
Non-
MTM
82.2%
(2)
Leverage Ratios
Debt-To-Equity
Ratio
(3)
Asset Specific
3%
Senior Loan
Interests
4%
2.2 X
Outstanding Financing
Term Credit
Facilities
24%
$491
$185
$9,040
$6,327
Weighted average coupon expressed as spread over the relevant floating benchmark rates, which include one-month LIBOR and Term SOFR, as applicable to each financing
Term credit facilities are marked to credit only and not subject to capital markets mark-to-market provisions
Represents (i) total outstanding debt agreements (excluding non-recourse facilities), secured term loan and convertible notes, less cash to (ii) total permanent equity, in each case, at period end
Represents (i) total outstanding debt agreements, secured term loan, convertible notes, and collateralized loan obligation, less cash to (ii) total permanent equity, in each case, at period end
Based on outstanding face amount of secured financing, including non-consolidated senior interests, which result from non-recourse sales of senior loan interest in loans KREF originated, and
excludes convertible notes
KREF
Secured Term Loan
5%
4.0X
Total Leverage
Ratio
(4)
Term Loan
Facility
10%
(5)
Collateralized
Loan Obligations
30%
Term Lending
Agreements
24%
Non-Mark-
to-Market
76%
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